Crédit Agricole CIB closed the commercial financing of a new Airbus A321 aircraft for Turkish Airlines under a French structured lease.
The aircraft (MSN 5584) is the first of three A321 financings that will be structured and arranged by Crédit Agricole CIB this year. The second aircraft is expected to close next month.
Standard Chartered Bank and Bank of Tokyo Mitsubishi UFJ participated in the commercial debt facility.
The French bank acted as global debt and equity arranger, facility agent and security trustee in the transaction.